Coca-Cola FEMSA August 2005 Cautionary S tatement FORWARD-LOOKING - PDF document

Coca-Cola FEMSA August 2005

Cautionary S tatement FORWARD-LOOKING STATEMENTS This presentation contains “ forward-looking statements” within the meaning of S ection 21E of the S ecurities Exchange Act of 1934 as amended. These forward-looking statements relate to Coca-Cola FEMS A, S .A. de C.V. and subsidiaries (“ KOF” ) and their businesses, and are based on KOF management’ s current expectations regarding KOF and its businesses. Recipients are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subj ect to a number of uncertainties and other factors, many of which are outside KOF’ s control, that could cause actual results of KOF and its businesses to differ materially from such statements. KOF is under no obligation, and expressly disclaims any intention or obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. ADDITIONAL INFORMATION AND WHERE TO FIND IT Documents filed by Coca-Cola FEMS A are available at the Commission’ s public reference room located at 450 Fifth S treet, N.W., Washington, D.C. 20594. Investors and security holders may call the Commission at 1-800-S EC-0330 for further information on the public reference room. Free copies of all of Coca-Cola FEMS A’ s filings with the Commission may also be obtained by directing a request to: COCA-COLA FEMSA Guillermo González Camarena No. 600, Col. Centro de Ciudad S anta Fé 01210, México D.F., México Investor Relations Alfredo Fernandez / (52) 55 5081 51 20 / alfredo.fernandeze@ kof.com.mx Julieta Naranj o / (52) 55 5081 51 48 / j ulieta.naranj o@ kof.com.mx Oscar Garcia / (52) 55 5081 51 86 / oscar.garcia@ kof.com.mx

Contents Coca-Cola FEMSA Achievements in the Panamco Acquisition Growth through Product and Packaging Innovation Opportunities for Growth 3

Coca-Cola Femsa – The Latin America Leader � The Company is the preeminent bottler of Coca-Cola products in Latin America and the second largest in the world Mexico City Central & Guatemala, Nicaragua, Southeast Mexico Costa Rica & Panama Venezuela � Largest soft-drink operation in Mexico and Latin America Colombia � 1,885 million total unit cases in the last twelve months up to June 2005, over five MM UC sold daily � US $ 4,439 million of total revenues in the last twelve months up to June 2005 Mato Grosso do Sul � US $ 971 million of EBITDA in the last twelve months up to June 2005 São Paulo � 21.9% EBITDA margin in the last twelve months up to June 2005 Greater � Powerful geographic footprint Buenos Aires � S erves 179 million consumers � Attends more than 1,500,000 retailers weekly � Offers over 65 different brands to our consumers � Important part of the Coca-Cola system: � Represents approximately 36% of Coca-Cola sales volume in Latin America 4

Ownership S tructure Public Voting: 46.4% Economic: 39.6% Voting: 53.6% Voting: 0.0% Economic: 45.7% Economic: 14.7% US$MM Market Capitalization (1) 5,157 Net Debt (June 2005) 1,903 Enterprise Value 7,060 (1) Considers a stock price (ADR) of US $ 27.93 as of August 8, 2005

S ustainable Free Cash Flow Generation � The strong cash flow generation supports our deleveraging story Free Cash Flow (MM USD) (1) 118 (2) 307 293 223 207 323 127 46 32 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 -67 -70 Note: All figures are in nominal Mexican pesos as of the reported year and converted into US$ for the respective year end exchange rate. (1) Free Cash Flow is calculated as EBITDA - (Capex + Taxes + Net Interest Expense) = FCF. A reconciliation table of free cash flow and EBITDA to operating income is attached to this presentation (2) Tax Reimbursement

Net Debt Evolution � After two years of acquiring Panamco we have managed to reduce net debt by US $595 mm Cash KOF Net Debt $2,828 3,000 $2,574 330 $2,319 $2,242 $2,218 $2,413 2,500 248 208 510 323 290 2,000 1,500 2,498 2,326 2,111 (2) 1,000 1,919 1,928 1,903 500 0 Exchange May-03 Dec-03 Jun-04 Dec-04 Mar-05 Jun-05 Rate 10.30 11.24 11.51 11.15 11.17 10.77 (1) Expressed in millions of U.S . dollars (2) Includes US $118 mm of new debt acquired in part to refinance the maturity of one of our “ Certificados Bursátiles” maturing on July 15, 2005 in the amount of US $240 mm

Contents Coca-Cola FEMS A Achievements in the Panamco Acquisition Growth through Product and Packaging Innovation Opportunities for Growth

Integration of the operations � S uccesful integration generating value through our sales growth with a lower asset base � Clear improvement in operating productivity and efficiency metrics Relevant Information (Last twelve months) 2Q03 2Q05 % Change Soft Drinks (MM CU) 1,491 1,587 6.4% 52 30 (42.3% ) Plants Routes 7,981 6,962 (12.8% ) 284 240 (15.5% ) Distribution Centers

KOF’ s Growth S tory – 2Q 2005 Revenues (US$ 1,181 MM) (1) Volume (486.9 MM UC) Argentina 4.7% Argentina 6.6% 12.0% 10.6% Brazil Brazil 9.6% Venezuela Venezuela 9.3% Mexico Mexico 55.7% 8.8% Colombia 59.7% 9.1% Colombia 6.6% 5.8% Central America Central America EBITDA (US$ 266 MM) (1) Highlights � Consolidated revenues and EBITDA grew 11% 7.6% Argentina Brazil 3.7% and 17% respectively, during the second quarter 4.0% Venezuela of 2005 6.2% Colombia � Mexico continues to be our most important operation; nevertheless, Brazil now represents 5.9% our second most important market as a result of Central America its solid financial and operating results Mexico 72.6% Echange Rate used: 10.7645 MXN/ USD (1)

KOF’ s Geographic Diversification – 1st Half 2005 Revenues (US$ 2,223 MM) (1) Volume (924.6 MM CU) Argentina Argentina 5.6% 7.7% Brazil 11.5% Brazil 13.0% Venezuela 9.7% Venezuela Mexico 9.3% Mexico 54.8% 57.2% 9.1% Colombia Colombia 9.4% 7.0% Central America 5.9% Central America EBITDA (US$ 478 MM) (1) Highlights � Consolidated revenues and EBITDA grew 6% Argentina and 5.1% Brazil 9.2% 9% respectively, during the first half of 2005 Venezuela 4.6% � Mexico continues to be our most important operation; nevertheless, our operations outside 6.7% Colombia of Mexico continue to grow in importance Central America Mexico 6.5% 67.9% Exchange Rate used: 10.7645 MXN/ USD (1)

Contents Coca-Cola FEMS A Achievements in the Panamco Acquisition Growth through Product and Packaging Innovation Opportunities for Growth 12

S trengthening Continuously brand Coca-Cola � S pecial focus on the execution of brand Coca-Cola � Larger number of multi-serve presentations alternatives in Central America with the obj ective of increasing the per capitas � Launch of the 2.5 Lt returnable PET presentation in Costa Rica and Guatemala � Launch of the 2.0 Lt returnable PET presentation in Nicaragua � Development of a wider packaging portfolio for brand Coca-Cola in Mexico and Brazil � Today we have 13 different presentations for brand Coca-Cola in Brazil � Reinforcement of returnable presentations in Brazil though the roll-out of the 1.0 Lt returnable glass presentation

In México the “ Choice Portfolio” � Offering more than ten different packaging presentations for brand Coca-Cola in Mexico with different price points, from Ps. 3 up to Ps. 16 CC 2. 5 lts N-Ret $16.00 CC 2.0 lts. N-Ret CC 2. 5 lts. Ret $13.00 $13.00 PC 2.5 lts N Ret BC 3.3 lts. $13.00 PC 2.0 lts. $12.00 $11.00 CC 1.0 lts. N-Ret Price BC 2.2 lts $8.50 PC 1. 0 lts. $8.50 $8.50 CC 600 ml. N-Ret $6.00 BC 1. 28 lts. N-Ret CC can PC 600ml. $6.50 $5.00 $5.50 PC can $4.50 BC 620ml. $3.50 KOF PC BC 0 0.5 1 1.5 2 2.5 3 3.5 Size (Lts) S ingle-serve Presentations Multi-serve Presentations

Intense Product Innovation � Opportunities to develop a segmented product porfolio as in Argentina � Launched new line extensions for CS D flavors (Lift Golden, S enzao Guaranaranj a, Mundet Multi-flavors), representing two thirds of incremental volumes during 2004 in Mexico � Reinforcing our presence in non-carb beverages with line extensions of Nestea and Keloco, a flavor water product for children in Mexico � Adapting our product portfolio to the economic environment and industry particularities throughout the different countries, with the introduction of Value Protection brands � Introducing Crush Multiflavors in Colombia in 3 different packages and 5 different flavors in Colombia � Entering the j uice business in Argentina through the acquisition by KO of Cepita one of the largest brands in that market

Contents Coca-Cola FEMS A Achievements in the Panamco Acquisition Growth through Product and Packaging Innovation Opportunities for Growth 16